All posts tagged OECD

Last week the US Energy Information Administration (EIA) published their INTERNATIONAL ENERGY OUTLOOK 2016. The Daily Caller (and the GWPF) highlighted the EIA’s summary energy energy production. This shows that the despite the predicted strong growth in nuclear power and implausibly high growth in renewables, usage of fossil fuels are also predicted to rise, as shown in their headline graphic below.

For policy purposes, the important aspect is the translation into CO2 emissions. In the final Chapter 9. Energy-related CO2 Emissions figure 9.3 shows the equivalent CO2 Emissions in billions of tonnes of CO2. I have reproduced the graphic as a stacked bar chart.

In 2010 these CO2 emissions are just under two-thirds of total global greenhouse gas emissions. The question is how does this fit into the policy requirements to avoid 2°C from the IPCC’s Fifth Assessment Report? The International Energy Authority summarized the requirements very succicently in World Energy Outlook 2015 Special Reportpage 18

The long lifetime of greenhouse gases means that it is the cumulative build-up in the atmosphere that matters most. In its latest report, the Intergovernmental Panel on Climate Change (IPCC) estimated that to preserve a 50% chance of limiting global warming to 2 °C, the world can support a maximum carbon dioxide (CO2) emissions “budget” of 3 000 gigatonnes (Gt) (the mid-point in a range of 2 900 Gt to 3 200 Gt) (IPCC, 2014), of which an estimated 1 970 Gt had already been emitted before 2014. Accounting for CO2 emissions from industrial processes and land use, land-use change and forestry over the rest of the 21st century leaves the energy sector with a carbon budget of 980 Gt (the midpoint in a range of 880 Gt to 1 180 Gt) from the start of 2014 onwards.

From the forecast above, cumulative CO2 emissions from 2014 with reach 980 Gt in 2038. Yet in 2040, there is no sign of peak emissions.

The graphic clearly shows that the INDCs – many with very vague and non-verifiable targets – will make very little difference to the non-policy emissions path. Yet even this small impact is contingent on those submissions being implemented in full, which is unlikely in many countries. The 2°C target requires global emissions to peak in 2016 and then head downwards. There are no additional policies even being tabled to achieve this, except possibly by some noisy, but inconsequential, activist groups. Returning to the EIA’s report, figure 9.4 splits the CO2 emissions between the OECD and non-OECD countries.

The OECD countries represent nearly all countries who propose to reduce their CO2 emissions on the baseline 1990 level, but their emissions are forecast by the EIA still to be 19% higher in 2040. However, the increase is small compared to the non-OECD countries – who mostly are either proposing to constrain emissions growth or have no emissions policy proposals – with emissions forecast to treble in fifty years. As a result the global forecast is for CO2 emissions to double. Even if all the OECD countries completely eliminate CO2 emissions by 2040, global emissions will still be a third higher than in 1990. As the rapid economic growth in the former Third World reduces global income inequalities, it is also reducing the inequalities in fossil fuel consumption in energy production. This will continue beyond 2040 when the OECD with a sixth of the world population will still produce a third of global CO2 emissions.

Unless the major emerging economies peak their emissions in the next few years, then reduce the emissions rapidly thereafter, the emissions target allegedly representing 2°C or less of global warming by 2100 will not be met. But for countries like India, Vietnam, Indonesia, Bangladesh, Nigeria, and Ethiopia to do so, with the consequent impact on economic growth, is morally indefensible.